Xtrackers II - Global Government Bond UCITS ETF is a bonds ETF from Xtrackers tracking the Global Government Bond index through physical replication. Domiciled in Luxembourg and launched in 2008, the fund manages about 743 M € and charges a TER of 0.25% — 25 € per year on a €10,000 investment. Income is automatically reinvested in the fund (accumulating).
Xtrackers II - Global Government Bond UCITS ETF competes with 4 other products on the same index (Global Government Bond): it ranks 1st by fund size and 2nd by ongoing cost, with a TER of 0.25% against a group median of 0.25%. It has been listed since 2008, 18 years of track record — the oldest in its comparison group.
On a €10,000 investment the TER costs 25 € a year. The cheapest of the group is Xtrackers II Global Government Bond UCITS ETF 5C at 0.21%, or 21 € on the same amount: a difference of 4 € every year, roughly 40 € over ten years before compounding.
Replication is physical: the fund holds the underlying securities directly. The ten largest positions account for 3.6% of the portfolio.
Income is accumulated: no distribution is paid out, the share price absorbs it. In a savings plan this removes the need to reinvest dividends by hand. The fund is denominated in EUR. That is not the same as currency risk: the exposure comes from the currencies of the underlying holdings, not from the denomination or the trading currency of a given listing.
The fund is domiciled in Luxembourg, which determines the tax treatment of income received by the fund and the supervisory authority.
| United States Treasury Notes 1.12% | 0.5% |
| United States Treasury Notes 1.125% | 0.5% |
| United States Treasury Notes 0.875% | 0.4% |
| United States Treasury Notes 0.88% | 0.4% |
| France (Republic Of) 4.5% | 0.3% |
| United States Treasury Notes 0.62% | 0.3% |
| United States Treasury Notes 0.625% | 0.3% |
| France (Republic Of) 2.5% | 0.3% |
| France (Republic Of) 2.75% | 0.3% |
| United States Treasury Bonds 1.625% | 0.3% |
| Borsa Italiana | XGSH | EUR |
| XETRA | DBZB | EUR |
| Francoforte | DBZB | EUR |
Source: the fund's KID and the issuer's official documentation — data verified as of July 2026.
This page is informational and is not an investment recommendation. Figures may contain errors or be out of date: always check the KID and the issuer's factsheet before any decision.